Common use of Environmental Status Clause in Contracts

Environmental Status. There is no pending action or proceeding directly involving the Mortgaged Property of which the Company is aware in which compliance with any environmental law, rule or regulation is an issue; and to the best of the Company’s knowledge, nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to the use and enjoyment of the Mortgaged Property;

Environmental Status. There is no pending action or proceeding directly involving the Mortgaged Property of which the Company is aware in which compliance with any applicable environmental law, rule or regulation is an issue; and to the best of the Company’s knowledge, the Mortgaged Property is in material compliance with all applicable environmental laws and nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to the use and enjoyment of the Mortgaged Property;